ADDS
Hedgeye Index Adds ETF
The Hedgeye Index Adds ETF seeks to provide exposure to a diversified portfolio of stocks that are expected to outperform the market based on Hedgeye's proprietary research and analysis.
US
EQUITY
Active
MANAGEMENT STYLE
$ 7.0 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Inception date | May 27, 2026 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| BLOOM ENERGY CORPORATION CLASS A | 12.7 % |
| ILLUMINA INC | 12.4 % |
| CHENIERE ENERGY INC | 12.4 % |
| ALLEGHENY TECHNOLOGIES INC | 9.6 % |
| ASTERA LABS INC | 5.3 % |
| TECHNIPFMC PLC | 5.2 % |
| VONAGE HOLDINGS CORP. | 5.0 % |
| ZOOM VIDEO COMMUNICATIONS, INC. CLASS A | 4.9 % |
| TWILIO, INC. CLASS A | 4.1 % |
| CREDO TECHNOLOGY GROUP HOLDING LTD. | 3.7 % |
Constituent Breakdown
| Number of holdings | 40 |
| Herfindahl-Hirschman Index | 616 |
| Wgt avg mkt cap (mns) | $28,338 |
| Large cap (>$10bn) | 90.7% |
| Mid cap ($2-10bn) | 1.4% |
| Small cap (<$2bn) | 1.9% |
| Developed mkts. | 94.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 94.8 % |
 |
BRITAIN | 5.2 % |
Historical Performance
Standardized Performance (as of 08/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -- | -- | -- | -- | -- | -- | -- | -2.5% |
| Dividend Yield | -- | -- | -- | -- | -- | -- | -- | 0.0% |
| Total Returns | -- | -- | -- | -- | -- | -- | -- | -2.5% | Ann. Volatility | -- | -- | -- | -- | -- | -- | -- | 34.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 8 |
| ADV traded (mns) | $0 |
| Turnover | 2.9% |
| Avg. Bid/Ask (% of price) | 0.20% |
Technical Indicators
| 30d moving avg. (EMA) | $0.00 |
| Relative strength (RSI) | 0 |
| MACD/Signal | 0.00/0.00 |
| Bollinger Bands (Upper/Lower) | $0.00/$0.00 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ADDS |
Expenses vs. ADDS |
ALTAR Score™ vs. ADDS |
|---|---|---|---|---|
| USAI | Pacer American Energy Independence ETF | 13.6% | +5 bp | +2.1% |
| USNG | Amplify Samsung U.S. Natural Gas Infrastructure ETF | 13.0% | -11 bp | +2.1% |
| HYDR | Global X Hydrogen ETF | 12.7% | -20 bp | -7.7% |
| XMHQ | Invesco S&P MidCap Quality ETF | 12.2% | -45 bp | +5.2% |
| BESF | Bastion Energy ETF | 11.9% | +10 bp | +4.1% |
| WATS | Corgi Battery Energy Storage Systems ETF | 10.7% | -35 bp | -4.7% |
| CPAI | Counterpoint Quantitative Equity ETF | 10.6% | +5 bp | +3.7% |
| QQQJ | Invesco NASDAQ Next Gen 100 ETF | 10.4% | -55 bp | +2.9% |
| GRNJ | Fundstrat Granny Shots US Small & Mid Cap ETF | 10.4% | +5 bp | +0.9% |
| VCLN | Virtus Duff & Phelps Clean Energy ETF | 10.2% | -11 bp | +1.8% |
Risk and Returns: ADDS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
1.7%
ALTAR SCORE™
3rd
PERCENTILE
AVOID
ETFRC RATING
There are 1,408 funds in the US Equity category with an average
ALTAR Score™ of 5.2% and a standard deviation
of 2.0%. ADDS's ALTAR Score™ is approximately -1.8 standard
deviations above the category average. This places ADDS in the 3rd percentile
among funds in the category.
Sell-Side Consensus
$21.14
PRICE TARGET
-15.8%
UPSIDE